European Banking union

Christine Lagarde: Macroprudential policy in Europe: building resilience in a challenging environment

Retrieved on: 
Friday, December 16, 2022
Crypto, Bitcoin, Solvency, Heart, Macroprudential regulation, Frankfurt, Publishing, Financial Services and Markets Authority (Belgium), European Systemic Risk Board, Heracleitus, Policy, Biology, Communication, Risk, Euro, Review, Ecosystem, Conference, European Parliament, Life, Royal commission, Letter, Financial Stability Board, Mica, FTX, European Securities and Markets Authority, European Commission, Time, European Banking union, Environment, Union, Weather, ESRB, European, Market, Integrated Truss Structure, European Central Bank, USD, Speech, Reproduction, Reliability, Lagarde, Biological psychiatry, Congress, ECB, Pharmaceutical industry, Nightclub, Renewable energy, Medical device, Bank, Cryptocurrency, Management, Creative industries, Animal, Security (finance), MMF, EU

[1]

Key Points: 
  • [1]
    When future historians look back on our times, they may well say we lived through an era of permacrisis.
  • A key message therein was the crucial importance of ensuring the continued resilience of our financial system.
  • Resilience is key in helping the financial system to deliver on its ultimate goal of supporting the real economy.
  • [4] In my remarks today, I will explore these two aspects of resilience, and how we can best ensure that they are met across the financial system.
  • And I have no doubt that if all parties work together, we can master the challenges standing before us.
  • By identifying and addressing vulnerabilities ahead of time, we can increase the resilience of the financial system, allowing it to withstand rather than amplify shocks.
  • This applies first and foremost to banks, which remain at the heart of the European Unions financial system.
  • They should be attentive to credit risk and remain alert to potential flaws in their internal models as the risk environment evolves.
  • But building resilience cannot stop at banks: non-banks also play an increasing role in the financial system.
  • In March this year, the ESRB published a blueprint for how to make the EU macroprudential framework fit for the next decade.
  • That is why macroprudential policy must remain alert to the emergence of new challenges as and when they appear.
  • (2019), The biology of human resilience: opportunities for enhancing resilience across the life span,
    Biological psychiatry, Vol.
  • Behn, M, Rancoita, E. and Rodriguez dAcri, C. (2020), Macroprudential capital buffers objectives and usability,
    Macroprudential Bulletin, ECB, No 11, 19 October.
  • Lagarde, C. (2022), Monetary policy in a new environment, speech at the European Banking Congress, 18 November.
  • ESRB (2022), Concept Note on the Review of the EU macroprudential framework for the banking sector, March.

Highlights - Public Hearing with Elke König, Chair of the Single Resolution Board (SRB) - Committee on Economic and Monetary Affairs

Retrieved on: 
Saturday, November 26, 2022
European Banking union, Sale, Banco Santander, Time, Single Resolution Board, Single Resolution Mechanism, SRB, Popular, Inc., Chair, Property management

Public Hearing with Elke Knig, Chair of the Single Resolution Board (SRB)

Key Points: 
  • Public Hearing with Elke Knig, Chair of the Single Resolution Board (SRB)
    25-11-2022 - 10:51
    Elke Knig, who has been Chair of the Single Resolution Board from its inception in 2014, will attend her last ECON committee hearing in that role on 30 November from 15:15 to 16:15.
  • In her eight years as Chair, the SRB has developed its resolution strategies in respect of banks within the Banking Union and has overseen the build-up both of liabilities on banks' balance sheets that could if needed, be bailed in, and also of the Single Resolution Fund.
  • Several banks have been considered failing or likely to fail in that time and have therefore required the SRB to determine whether to apply resolution tools.
  • The most notable case was Banco Popular in Spain in 2017, which was resolved through bail-in (in the form of write-down and conversion of capital instruments) and sale to Banco Santander.

ECB publishes consolidated banking data for end-June 2022

Retrieved on: 
Friday, November 11, 2022
Communication, European Central Bank, International Financial Reporting Standards, ECB, Reproduction, Risk, Efficiency, International, European Banking union, Frankfurt, Data, Industry, Common equity, Public relations, Renewable energy, Financial services, Bookkeeping, Instrumentation, Bank, Nightclub, EU

The quarterly data cover the information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.

Key Points: 
  • The quarterly data cover the information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.
  • The end-June 2022 data refer to 316 banking groups and 2440 stand-alone credit institutions operating in the EU (including foreign subsidiaries and branches), covering nearly 100% of the EU banking sectors balance sheet.
  • Some revisions to past data are disclosed together with the end-June 2022 data.
  • Notes
    - The consolidated banking data are available in the ECB Statistical Data Warehouse.

DBRS Morningstar: Gender Diversity on European Bank Boards More Work Still to be Done

Retrieved on: 
Tuesday, September 20, 2022
Banking, Professional Services, Finance, DBRS, DRO, AA, Global, Woman, Sale, BBB, European Banking union, All rights reserved, Person, EU, Publishing, Chief executive officer, Female, UK, Morning Star, Research, NRSRO, CRA, Prospectus, ARE, ALL, Audit

Our analysis shows that gender diversity is higher at banks with higher credit ratings, notes Charlotte Cervin, Senior Analyst at Global FIG, DBRS Morningstar.

Key Points: 
  • Our analysis shows that gender diversity is higher at banks with higher credit ratings, notes Charlotte Cervin, Senior Analyst at Global FIG, DBRS Morningstar.
  • For more information on regulatory registrations, recognitions and approvals of the DBRS Morningstar group of companies, please see: https:// www.dbrsmorningstar.com/research/highlights.pdf .
  • The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc. 2022 DBRS Morningstar.
  • The information upon which DBRS Morningstar ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.

Cado Security Unveils Cross Cloud Support to Streamline Cloud Investigations

Retrieved on: 
Tuesday, June 21, 2022
Data Management, Security, Technology, Mobile, Wireless, Software, Networks, Cloud, Patent, Google Cloud Platform, CEO, European Banking union, Entrepreneurship, Cador, Azure, GCP, Gartner, API, Terminology, Amazon Web Services, Microsoft, AWS, FINRA, Risk, Video game console

Cado Security , provider of the cloud investigation platform, today announced cross cloud support, enabling security teams to swiftly investigate incidents across multi-cloud environments in a single platform.

Key Points: 
  • Cado Security , provider of the cloud investigation platform, today announced cross cloud support, enabling security teams to swiftly investigate incidents across multi-cloud environments in a single platform.
  • With cross cloud support, security teams gain unprecedented visibility and context across Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) environments to investigate and respond to threats at cloud speed.
  • Investigations often span multiple cloud platforms, systems, and regions, said James Campbell, CEO and Co-Founder, Cado Security.
  • Cado Security provides the cloud investigation platform that empowers security teams to respond to threats at cloud speed.

Point Nine Partners with Kaizen Reporting to Enhance the Quality and Accuracy of Regulatory Reporting

Retrieved on: 
Tuesday, April 12, 2022
Kaizen, Directive 2014/65/EU, EMIR, CFTC, Efficiency, EU, 9, G20, European Banking union, Partnership, Industry, SFTR, Audit

LIMASSOL, Cyprus, April 12, 2022 /PRNewswire-PRWeb/ -- Point Nine (Limassol, Cyprus) is excited to announce its recent partnership with Kaizen Reporting (London, England). This partnership aims to provide clients with a streamlined end-to-end experience, from pre- to post-submission, and greater visibility into the quality of their regulatory reporting.

Key Points: 
  • LIMASSOL, Cyprus, April 12, 2022 /PRNewswire-PRWeb/ -- Point Nine (Limassol, Cyprus) is excited to announce its recent partnership with Kaizen Reporting (London, England).
  • Originally founded in 2002, Point Nine is a dedicated regulatory reporting firm focused on providing trade and transaction reporting services.
  • Kaizen Reporting are regulatory specialists on a mission to transform the quality of regulatory reporting in the financial services industry.
  • Point Nine and Kaizen Reporting: A Revolutionary Partnership
    Point Nine and Kaizen Reporting will continue to help organisations improve the quality and accuracy of their regulatory reporting for all regimes.

Turkiye Garanti Bankasi A.S.: Declaration of issuance approval - CMB Bulletin

Retrieved on: 
Tuesday, February 15, 2022
Book, Bank regulation, Letter, Board of directors, Record, Bank, European Banking union, Board, District of Columbia Courts, Public Defender Service, and Court Services and Offender Supervision Agency Act of 2014, Security (finance)

The approval is given as above.

Key Points: 
  • The approval is given as above.
  • In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
  • Contact Garanti BBVA Investor Relations:

Hyatt Announces Plans for Magma Resort Santorini

Retrieved on: 
Tuesday, February 8, 2022
Architecture, Commercial Building & Real Estate, Other Travel, Construction & Property, Lodging, Destinations, Travel, Vacation, Policy, Private Securities Litigation Reform Act, Pandemic, Growth, Earthquake, Form 10-K, Infection, Ministry, Tornado, U.S. Securities and Exchange Commission, Collection, NYSE, SEC, Family, Flood, SWOT, Association, Shangri-La's Mactan Resort & Spa, Cebu, SWA, Professional, Industry, Wildfire, Facebook, Marketing, Park, European Central Bank, European Banking union, Pacific typhoon season, Trade, Failure, Instagram, Apple Leisure Group, Ministry of Tourism (Mauritius), Magic carpet, Unemployment, Acquisition, ALG, Spa Resort Hawaiians, COVID-19 vaccine, Annual report, Share repurchase, PEOPLE, Michelin, DNA, Travel, Environment, COVID-19, JDV, Multimedia, DMC, Tsunami, Wyndham Hotels & Resorts, Internet, Vaccine, Hotel, Tourism, Tourism, PEGASE, The Unbound Collection by Hyatt, SWOT Hospitality, Thera Island Suites S.A., Hyatt Hotels Corporation, THE UNBOUND COLLECTION BY HYATT, SWOT HOSPITALITY, THERA ISLAND SUITES S.A., HYATT HOTELS CORPORATION

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with Thera Island Suites S.A., owners of Magma Resort Santorini, and Athens-based SWOT Hospitality will operate the hotel.

Key Points: 
  • Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with Thera Island Suites S.A., owners of Magma Resort Santorini, and Athens-based SWOT Hospitality will operate the hotel.
  • True to The Unbound Collection by Hyatt brands ethos, Magma Resort Santorini will offer one-of-a-kind, modern and personalized luxury guest experiences.
  • We are thrilled to work with SWOT Hospitality and are excited to announce The Unbound Collection by Hyatt brands upcoming entry into the Greek Islands with Magma Resort Santorini, said Peter Norman, senior vice president of development for EAME & SWA, Hyatt.
  • Hyatts offerings include the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, JdV by Hyatt, Hyatt House, Hyatt Place, UrCove, and Hyatt Residence Club brands, as well as resort and hotel brands under the AMR Collection, including Secrets Resorts & Spas, Dreams Resorts & Spas, Breathless Resorts & Spas, Zotry Wellness & Spa Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas.

European Banks Need To Set A New Course After The Storm

Retrieved on: 
Thursday, August 26, 2021
Storm, Union, Ecosystem, Industry, Company, Bain & Company, Gold, Growth, S&P Global, Financial services, European Union, Interview, Economics, Tax, Automation, European Banking union, Investment, World War II, Risk management, Social justice, COVID-19, Environment, Compliance, ROE, EMEA, Organization, Education, Culture, M&A, Capital, Economic development, Technology, Bank, Renewable energy

After the last financial crisis, top-quartile banks, as measured by earnings before taxes, outgrew the bottom quartile by 9 percentage points each year of the past decade, according to a Bain & Company analysis of Capital IQ data featured in a new report For European Banks, Time to Set a New Course After the Storm .

Key Points: 
  • After the last financial crisis, top-quartile banks, as measured by earnings before taxes, outgrew the bottom quartile by 9 percentage points each year of the past decade, according to a Bain & Company analysis of Capital IQ data featured in a new report For European Banks, Time to Set a New Course After the Storm .
  • "European banks face the looming challenge of an increase in bad loans, but they also need to think beyond that, accelerating digitalization and ensuring that sustainability becomes truly core to their business."
  • This amounts to a sizeable hangover, but a manageable one if banks take a proactive stance.
  • Beyond that immediate issue, European banks have to contend with deep-seated concerns.